-The Indian Express Whichever party wins the election, the real long-term challenge is to stem the rot of institutional foundations. The headlines say that the ruling party manifesto emphasises nationalism (“nation first”), and, on the economic front, it will aspire to make India the third-largest economy in the world by the end of the next decade, to make it reach the list of top 50 countries in the ranking of Ease...

-The Indian Express Congress manifesto should have promised better implementation of MGNREGA instead of another scheme In its previous ruling stint in New Delhi, the Congress’s flagship social welfare programme was MGNREGA, which provides 100 days of guaranteed wage employment in a year to every rural household whose adult members volunteer to do unskilled manual work. For its next shot at power, the grand old party is promising to implement a...

-The Telegraph Funding small entrepreneurs will require more bank loans, preferably collateral-free, which will generate more NPAs The government has been compelling banks to adopt a softer lending policy to promote self-employment. The Pradhan Mantri Mudra Yojana, launched in 2015, provides collateral-free loans to small entrepreneurs outside the farming sector in three categories: Rs 50,000 loan in the ‘Shishu’, Rs 5,00,000 in the ‘Kishore’ and Rs 10,00,000 in the ‘Tarun’ segments respectively....

-The Indian Express Concealing the identity of donors in electoral bonds goes against a fundamental tenet of democracy — transparency Electoral bonds are attracting attention in the run-up to the general elections. These bonds were conceived in 2017 and the necessary legislative changes were made in the Finance Bill of 2017. For example, Section 31 of the Reserve Bank of India Act, 1924, was amended and a new Clause (3) was...

  Growth in rural wages not only indicates economic prosperity of the masses, it is also considered important so as to generate effective demand for goods and services, which is produced by various sectors of the economy. When money becomes available in the hands of rural workers due to government spending on programmes such as Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA), it generates demand for commodities. The production of commodities...